Feb
23

Poll: Majority of Americans say border control is more important to immigration reform

Priorities.


While President Barack Obama attempts to convince Latino voters that he’d make good on his promise of immigration reform in his second term and while Congress prepares to investigate the constitutionality of state-level anti-illegal-immigration laws, the American people proclaim that their top immigration-related priority is still to secure the border: Voters continue to name border [...]

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Feb
17

Adam Levitin | Why No Investigation?

Why No Investigation? Here’s a bombshell: the San Francisco City Assessor commissioned a serious audit of foreclosure documentation filed in the past few years. The audit examined 400 foreclosures. It found problems with 85% of them, often multiple problems. What’s more, some of the problems are pretty serious as they implicate not only borrowers’ rights, … Read more Related posts:
  1. Adam Levitin | Is the Foreclosure Fraud Settlement Overbroad?
  2. Adam Levitin | Securitization Chain-of-Title: The US Bank v. Congress Ruling
  3. Adam Levitin | Do We Have a Fraud Problem? The Case of the Mysteriously Appearing Allonge
Feb
17

REPORT | FORECLOSURE IN CALIFORNIA A CRISIS OF COMPLIANCE

~ 4closureFraud.org TweetRelated posts: California Audit Finds Broad Irregularities in Foreclosures, 84 Percent of the Files Contained what Appear to be Clear Violations of Law 2004 Report on Predatory Lending & Servicing Practices & Their Effect on Corporate Compliance, Conduct, Ethics & Accounting HUD’s Report to Congress on the Root Causes of the Foreclosure Fraud … Read more Related posts:
  1. California Audit Finds Broad Irregularities in Foreclosures, 84 Percent of the Files Contained what Appear to be Clear Violations of Law
  2. 2004 Report on Predatory Lending & Servicing Practices & Their Effect on Corporate Compliance, Conduct, Ethics & Accounting
  3. HUD’s Report to Congress on the Root Causes of the Foreclosure Fraud Crisis
Feb
17

Geithner: Yeah, we don’t have a solution to the debt problem

"We just don't like yours."


Guy Benson calls this “the political quote of the year,” but it may be more like the defining moment of Obamanomics and Barack Obama’s fiscal policies.  Paul Ryan destroyed interim OMB chief Jeffrey Zients in testimony before Congress this week already, deconstructing White House claims to have $2 trillion in deficit reduction over the next [...]

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Feb
17

Cordray: Say, what this CFPB needs is more power

Tool time.


When Senate Republicans blocked the confirmation of Richard Cordray to run the Consumer Financial Protection Bureau, they did so in protest of the ambiguous and open-ended power granted to CFPB by the previous Democratic-controlled Congress.  Barack Obama blasted Republicans for obstructionism, defended Cordray as a mainstream, responsible choice to lead the CFPB, and gave him [...]

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Feb
16

Republicans in Washington need to stop acting like Democrats, says … Mitt Romney

Truth is truth.


It was a veiled swipe at Rick Santorum and a bit rich coming from him, but Mitt Romney is right: Republicans in Washington do need to stop acting like Democrats. At the business roundtable in Monroe, Romney did not mention surging rival Rick Santorum at the roundtable, but his critique echoed the charges he’s been [...]

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Feb
16

Panic in the Wind Power lobby?

Federal teat running dry


There is a little noted element of the payroll tax holiday extension going through congress, and to the surprise of many it has nothing to do with funding Social Security or what forty dollars will buy you. It’s the expiration of the Wind Production Tax Credit (PTC) which has some advocates up in arms. An [...]

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Feb
16

Great news: Deal struck on extending temporary tax cut that hasn’t boosted the economy at all

Yee. And also hah.


Yeah, I know I’m supposed to feel all warm and fuzzy about the fact that Democrats and Republicans didn’t play this out to the 11th hour, like they do with every other dispute these days.  We’re supposed to cheer because the system worked and it produced a bipartisan result in a year that will see [...]

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Feb
16

Great news: Deal struck on extending temporary tax cut that hasn’t boosted the economy at all

Yee. And also hah.


Yeah, I know I’m supposed to feel all warm and fuzzy about the fact that Democrats and Republicans didn’t play this out to the 11th hour, like they do with every other dispute these days.  We’re supposed to cheer because the system worked and it produced a bipartisan result in a year that will see [...]

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Feb
12

CPAC interviews: The candidates

Indiana and Texas, listen up.


Every year at CPAC, aspiring candidates for Congress make their way to Washington to speak directly to the conservative activists that can lift them to victory in primaries and general elections — and this year was no exception.  There were a number that I simply didn’t get a chance to interview, most prominently Utah’s Mia [...]

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Feb
10

CPAC interview: Hey, who wants to fire Debbie Downer?

Karen Harrington does.


Yesterday at CPAC, we had a number of technical issues on Blogger Row, which almost kept me from interviewing the impressive Republican challenger to Debbie Wasserman Schultz, Karen Harrington.  Tina wrote about Harrington in November, and the small-business owner came to CPAC to chat with some of the bloggers and push her campaign forward.  In [...]

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Feb
09

Executive power: Obama now substituting his own regulations for No Child Left Behind law

He can't wait.


Conn Carroll’s already covered the bases on this at the Examiner but let me quote the key bit from an analysis by the lefty think tank Brookings back in August when the waivers were first announced: The White House has announced its plan to grant waivers of the provisions of No Child Left Behind (NCLB) [...]

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Feb
09

Mitch McConnell: Senate Republicans have to pick their battles wisely

Of the budget and ... the contraception mandate.


Senate Minority Leader Mitch McConnell today suggested Democrats’ unwillingness to pass a budget will reflect poorly on them — unless Republicans allow Democrats to draw them into another projected battle to reduce the deficit like the standoff that consumed Congress last summer. Realistically, McConnell said, the discretionary spending levels that were negotiated during the debt [...]

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Feb
09

US Chamber of Commerce jumping into congressional races early

"Advance and protect"


While seeing the US Chamber of Commerce getting actively involved in the battle to elect pro-business candidates to the House and Senate is nothing new, it is quite unusual to see them jumping into the race this early and this hard. The Chamber announced this week that they have produced television ads to be used [...]

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Feb
07

A map to the stars (of earmarks)

Find your local bacon broker


The Washington Post has melded a few bits of internet technology and produced something both interesting and useful for fiscal hawks this week. Titled, Capitol Assets: Mapping the earmarks, this handy little tool combines previously published news articles on potential earmark corruption with Google Maps to lay out a visual display of some of the [...]

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Feb
06

Quotes of the day

Conservatives.


“Romney, himself, weighed in during an interview with WCCO radio in Minneapolis, saying of Santorum: ‘His policies are, in my view, those of many Republicans in Congress who went along with Democrats to raise the debt ceiling, to allowing earmarks and to growing the size of federal government to a level that is frankly choking [...]

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Feb
06

Meet the Obscure Federal Regulator Who’s Not Helping Homeowners

Meet the Obscure Federal Regulator Who’s Not Helping Homeowners by Cora Currier ProPublica Answers to homeowners’ questions about the Independent Foreclosure Review.The administration’s website for the foreclosure prevention program. Provides an FAQ, homeowner examples, and other tools to see whether you might qualify for the program.A list of HUD-approved housing counseling agencies nationwide.Tips for homeowners … Read more Related posts:
  1. Federal Housing Finance Agency Office of Inspector General Semiannual Report to the Congress – Housing Regulator Failed to Stop Fannie, Freddie Mortgage Issues
  2. Senator Robert Casey Demands Answers from Freddie Mac’s Regulator
  3. Fannie and Freddie’s Regulator Opposes Making Mortgage Giants Subject to FOIA
Feb
06

Surprise! Borrowers get to pay for payroll-tax holiday

All costs get passed to consumers. Always.


So you think you got a payroll-tax holiday for free? Think that the big fat-cat mortgage lenders will foot the bill as part of Obama’s promise to make the cut pay for itself? CBS’ Sharyl Attkisson delivers the wake-up call to home buyers, who will pay a pretty penny for the latest gimmick of Obamanomics: [...]

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Feb
04

Let’s put the brakes on the NAT GAS act

Didn't really learn anything from ethanol, did ya?


Insanity: doing the same thing over and over but expecting different results. Apparently we didn’t learn much, if anything, from the ethanol boondoggle, Solyndra or Washington’s other adventures in meddling in the markets. If we had, perhaps Congress would not currently be considering passage of H.R. 1380, the New Alternative Transportation to Give Americans Solutions [...]

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Feb
04

Senator Robert Casey Demands Answers from Freddie Mac’s Regulator

Senator Demands Answers from Freddie Mac’s Regulator Jesse Eisinger, ProPublica, and Chris Arnold, NPR News Senator Robert Casey (D-PA) sent a list of questions about Freddie Mac’s controversial trades to the mortgage giant’s regulator, highlighting how much remains unknown even after a flurry of statements from the regulator. ProPublica and NPR reported on Monday that … Read more Related posts:
  1. Freddie Mac’s Regulator Says Trades Were Shut Down Because They Were “Risky”
  2. Federal Housing Finance Agency Office of Inspector General Semiannual Report to the Congress – Housing Regulator Failed to Stop Fannie, Freddie Mortgage Issues
  3. FAIL | Reports Fault Regulator of Fannie, Freddie
Feb
03

NYT: Gingrich’s ties to Fannie Mae and Freddie Mac are deeper than you think

Uh oh.


Awfully thoughtful of the Times to toss this grenade in his lap just hours before Nevadans head out to caucus. Then again, what’s the worst that can happen? He loses by 30 points instead of 25? You know who this benefits? Once he became speaker in 1995, Mr. Gingrich’s support loomed large as the companies [...]

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Feb
03

Freddie Mac’s Regulator Says Trades Were Shut Down Because They Were “Risky”

Freddie Mac’s Regulator Says Trades Were Shut Down Because They Were “Risky” by Jesse Eisinger, ProPublica and Chris Arnold, NPR News Answers to homeowners’ questions about the Independent Foreclosure Review.The administration’s website for the foreclosure prevention program. Provides an FAQ, homeowner examples, and other tools to see whether you might qualify for the program.A list … Read more Related posts:
  1. FAIL | Reports Fault Regulator of Fannie, Freddie
  2. Federal Housing Finance Agency Office of Inspector General Semiannual Report to the Congress – Housing Regulator Failed to Stop Fannie, Freddie Mortgage Issues
  3. Fannie and Freddie’s Regulator Opposes Making Mortgage Giants Subject to FOIA
Feb
03

Should Holder walk the plank for Fast & Furious, or be pushed?

Plus, "wherever you're from"?


To call Eric Holder’s performance yesterday at the House Oversight Committee hearing unimpressive is to turn understatement into a kind of art form.  The Washington Examiner called it “petulant, angry, and defiant,” and Holder more concerned about how Congress treats him than the hundreds of dead bodies strewn about Mexico and the US from weapons [...]

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Feb
02

Did DoJ approve “a different approach” to gunwalking in 2010?

Hmmm.


Eric Holder goes back up the Hill today to tell Congress that he doesn’t have to share his e-mails with anyone, but that may be a little too late.  A new report from Rep. Darrell Issa and Senator Charles Grassley allege that Holder deputy Lanny Breuer gave the ATF a green light on a “different [...]

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Feb
02

Obamateurism of the Day

Check your mail.


So much of the State of the Union speech ends up being a rehash. Few if any items are truly new; usually the ideas proposed by a President in a SOTU have already floated around Capitol Hill for a while, and are included to either provoke a reaction or to signal allies in Congress to [...]

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Feb
01

Video: Obama releases new housing program

Buying votes?


We got a big hint of this new proposal from Barack Obama in last week’s State of the Union message, and now Obama has rolled out his proposal to accelerate mortgage refinancing to bolster the housing market. However, it has at least one poison pill that will make it nearly impossible to get Congress to [...]

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Jan
31

Allen West to run for reelection in different Florida district

Strategy.


If he’s leaving Congress, he’s not leaving without a fight. Javier Manjarres had it first, now WaPo has details: Tea party firebrand Rep. Allen West (R-Fla.) announced Tuesday that he will switch districts and run for reelection in Florida’s new 18th district… Rep. Tom Rooney’s (R-Fla.) decision earlier Tuesday to run in the open and [...]

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Jan
31

Bets Against Homeowners Must Stop, Freddie Mac Was Told

Bets Against Homeowners Must Stop, Freddie Mac Was Told by Jesse Eisinger and Cora Currier, ProPublica, and Chris Arnold, NPR Answers to homeowners’ questions about the Independent Foreclosure Review.The administration’s website for the foreclosure prevention program. Provides an FAQ, homeowner examples, and other tools to see whether you might qualify for the program.A list of … Read more Related posts:
  1. Freddie Mac Bets Against American Homeowners
  2. FHFA Statement on Freddie Mac “Refinance” Story RE Betting Against American Homeowners
  3. Federal Housing Finance Agency Office of Inspector General Semiannual Report to the Congress – Housing Regulator Failed to Stop Fannie, Freddie Mortgage Issues
Jan
30

Florida GOP trying to force Allen West out of Congress through redistricting?

Musical chairs.


Via Legal Insurrection and our own J.E. Dyer in the Greenroom. According to WaPo, the new congressional map under consideration in Florida’s legislature would make West’s district four points more Democratic than it is now — a tough haul for a guy who lost that district by nine points in 2008 before riding the big [...]

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Jan
30

Florida GOP trying to force Allen West out of Congress through redistricting? Update: Bad rap? Update: Another defense of Florida GOP plan

Musical chairs.


Via Legal Insurrection and our own J.E. Dyer in the Greenroom. According to WaPo, the new congressional map under consideration in Florida’s legislature would make West’s district four points more Democratic than it is now — a tough haul for a guy who lost that district by nine points in 2008 before riding the big [...]

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